Global Market Outlook For Solar Power 2022-2026

SolarPower Europe’s annual award-winning Global Market Outlook for Solar Power is the most authoritative market analysis report for the global solar power sector.


With comprehensive historical market data, 5-year forecasts for the key global markets, as well as analysis of the segmentation between rooftop and ground-mounted systems, this report is an indispensable tool for the solar industry and energy stakeholders alike.



Download the Global Market Outlook 2022-2026 and discover:


  • The global solar market
  • Trends: what’s hot in solar technology
  • Highlight: Solar potential in Latin America
  • GW-scale solar power markets in 2021
  • Global Market Outlook for Solar Power 2022-2026


Questions about this report? Contact Bethany

Bethany Meban

Senior Press and Communications Advisor

+32 492 97 82 48

Key Takeways

Global solar hits Terawatt mark

Global solar capacity doubled in 3 years from 2018, bringing the world’s solar fleet to one Terawatt capacity in April 2022. The global solar market is growing exponentially. It took around a decade for world-wide solar capacity to reach 1 TW, from 100 GW in 2012. In just 3 years, SolarPower Europe predicts global solar to more than double to 2.3 TW in 2025.  


Solar: the fastest growing energy technology

Solar remains the fastest growing renewable energy, representing over half of the 302 GW of renewable capacity installed internationally in 2021. With 168 GW of additions, solar installed over 70 GW more than the next greatest installer – wind – and more than all non-solar renewables combined.  


Global solar shares

With a 14% annual growth rate and an all-time high of 54.9 GW of new solar, China kept its market leadership in 2021, adding twice as much solar power capacity than the second-largest market, the United States. The United States nonetheless saw impressive growth, with 42% more additional solar in 2021 than 2020. India reclaimed it’s third position with 14.2 GW of solar installations. 


European solar trajectory

The Europe region* continued its positive solar trajectory, achieving 31.8 GW of additional solar capacity – representing 33% growth and notably only a 0.1 GW difference to our 2021 Global Market Outlook projections. The impact of the Russian war on Ukraine, and the accompanying energy security challenges, alongside EU climate goals, are driving the continent’s renewable transition – with 25 of 27 EU member states set to install more solar in 2022 than 2021. 


*Europe region = EU27 + Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Georgia, Iceland, Kosovo, Montenegro, North Macedonia, Norway, Russia, Serbia, Switzerland, Turkey, Ukraine, and the United Kingdom. 

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Meet the authors
Walburga Hemetsberger

Chief Executive Officer, SolarPower Europe

Michael Schmela

Executive Advisor, SolarPower Europe

Gianni Chianetta

CEO, Global Solar Council

Rodrigo Sauaia

Co-founder and chief executive officer (CEO) at the Brazilian Solar Photovoltaic Energy Association

Global Market Outlook 2022-2026 sponsors